Part 2U.K.Basic provisions

Chapter 3U.K.Calculation of income tax liability

26Tax reductionsU.K.

(1)If the taxpayer is an individual, the provisions referred to at Step 6 of the calculation in section 23 are—

(a)the following—

  • Chapter 3 of Part 3 of this Act F1... (tax reductions for married couples and civil partners),

  • Chapter 1 of Part 5 (EIS relief),

  • Chapter 2 of Part 6 (VCT relief),

  • Chapter 1 of Part 7 (community investment tax relief),

  • section 453 (qualifying maintenance payments),

  • section 459 of this Act or section 273 of ICTA (payments for benefit of family members),

  • section 461 (spreading of patent royalty receipts),

  • section 353(1A) of ICTA (relief for interest on loan to buy life annuity),

  • section 535 of ITTOIA 2005 (top slicing relief), and

  • section 539 of ITTOIA 2005 (relief for deficiencies), and

(b)the following—

  • F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • section 401 of ITTOIA 2005 (relief: qualifying distribution after linked non-qualifying distribution), F3...

  • sections 677 and 678 of ITTOIA 2005 (relief where foreign estates have borne UK income tax).

  • [F4sections 2 and 6 of TIOPA 2010 (double taxation relief: relief by agreement), and

  • section 18(1)(b) and (2) of TIOPA 2010 (relief for foreign tax where no double taxation arrangements).]

(2)In any other case, the provisions referred to at Step 6 of the calculation in section 23 are—

(a)the provisions listed in subsection (1)(b), and

(b)section 26 of FA 2005 (trusts with vulnerable beneficiary: income tax relief).

Textual Amendments

F1Words in s. 26(1)(a) omitted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 1 para. 6(o)(ii)

F2Words in s. 26(1)(b) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 73(2), Sch. 10 Pt. 1 (with Sch. 9 paras. 1-9, 22)

F3Word in s. 26(1)(b) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 73(3), Sch. 10 Pt. 1 (with Sch. 9 paras. 1-9, 22)

F4Words in s. 26(1)(b) inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 73(4) (with Sch. 9 paras. 1-9, 22)